Whitehaven Coal Production Shoots 29% in June Quarter

  • Jul 14, 2020 AEST
  • Team Kalkine

Whitehaven Coal Ltd (ASX:WHC) recorded a 29% jump in Q4 managed saleable coal production of 6.2 million tonnes (Mt) as compared to 4.8 Mt in 2019, helped by higher output at its Narrabri mine,.

  • Managed ROM coal production of 8.2Mt for Q4, up 17% on pcp
  • Q4 managed sales of produced coal 5.3Mt, up 13% on pcp
  • Record safety performance with total recordable injury frequency rate at 4.13 for 12 months ended 30 June 2020
  • Uncertainty enveloping future Chinese import quotas weighed upon coal prices in Q4 despite a rise in China’s imports of Australian thermal and metallurgical coal in H2FY20.

WHC cautioned that pricing pressures are expected to continue as COVID-19 persists in disrupting industrial activity.               

 


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